Mehdi Teimouri
Broker
Right At Home Realty, Brokerage
Independently owned and operated.
1550 16 ave, Richmond Hill , Ontario L4b 3k9
Cell: 647-989-2641Office: 905-695-7888Fax: 905-695-0900
$3,995,000
Available - For Sale
Listing ID: E13590670
49 Cranfield Road , Toronto, M4B 3H3, Toronto
| Rare 1.33 acre (57,813 SF) infill Employment Industrial land in O'Connor-Parkview. $4,499,000 priced at 5.38% going-in cap on projected stabilized NOI of $242,087 from two industrial outdoor storage (IOS) tenancies anchored by Atlas Polar Co. Ltd. (occupancy since 2021; term to June 30, 2027). Zoning E 1.0 (x229) permits IOS. Embedded value-add: Vendor commissioned architectural drawings (A& Associates, 2019-2020) for an 83,233 SF, 872-unit, 5-storey self-storage facility, plus draft amending by-law (Tribunal File PL171477, without prejudice). Also a strong industrial condo candidate evidenced by adjacent 45 Cranfield precedent. |
| Price | $3,995,000 |
| Taxes: | $16924.53 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| Address: | 49 Cranfield Road , Toronto, M4B 3H3, Toronto |
| Postal Code: | M4B 3H3 |
| Province/State: | Toronto |
| Legal Description: | PART OF BLOCK D, PLAN 3683 EAST YORK, DE |
| Directions/Cross Streets: | Cranfield Rd & Northline Rd |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 1.33 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Rail: | N |
| Sewers: | None |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE SIGNATURE REALTY |
|
|
Mehdi Teimouri
Broker
Dir:
647-989-2641
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Land |
| Area: | Toronto |
| Municipality: | Toronto E03 |
| Neighbourhood: | O'Connor-Parkview |
| Tax: | $16,924.53 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
